Chart Industries Inc. (NASDAQ:GTLS) – Analysts at Gabelli boosted their FY2020 earnings per share (EPS) estimates for shares of Chart Industries in a research note issued to investors on Tuesday. Gabelli analyst M. Trusz now expects that the firm will post earnings per share of $2.00 for the year, up from their prior forecast of $1.90. Gabelli has a “Buy” rating and a $51.00 price target on the stock.

GTLS has been the topic of several other reports. Craig Hallum downgraded shares of Chart Industries from a “buy” rating to a “hold” rating and cut their price objective for the company from $35.00 to $33.00 in a research report on Friday, October 28th. Zacks Investment Research raised shares of Chart Industries from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Lake Street Capital downgraded shares of Chart Industries from a “buy” rating to a “hold” rating and cut their price objective for the company from $34.00 to $32.00 in a research report on Friday, October 28th. Evercore ISI downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Monday, October 31st. Finally, Northcoast Research downgraded shares of Chart Industries from a “buy” rating to a “neutral” rating in a research report on Monday, October 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Chart Industries currently has an average rating of “Hold” and an average price target of $29.22.

Earnings History and Estimates for Chart Industries (NASDAQ:GTLS)

Chart Industries (NASDAQ:GTLS) traded up 0.47% during mid-day trading on Thursday, hitting $34.24. 330,031 shares of the stock traded hands. Chart Industries has a 1-year low of $13.27 and a 1-year high of $35.31. The company’s 50 day moving average price is $31.67 and its 200-day moving average price is $28.49. The stock’s market cap is $1.05 billion.

Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.41. Chart Industries had a negative net margin of 21.93% and a positive return on equity of 6.10%. The company had revenue of $203.90 million for the quarter, compared to analyst estimates of $220.37 million. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The company’s quarterly revenue was down 22.8% compared to the same quarter last year.

Large investors have recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in Chart Industries by 18.5% in the third quarter. US Bancorp DE now owns 3,199 shares of the company’s stock worth $105,000 after buying an additional 500 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in Chart Industries by 162.5% in the second quarter. Acrospire Investment Management LLC now owns 4,200 shares of the company’s stock worth $101,000 after buying an additional 2,600 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Chart Industries by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,249 shares of the company’s stock worth $103,000 after buying an additional 523 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in Chart Industries during the second quarter worth approximately $113,000. Finally, Independent Portfolio Consultants Inc. purchased a new stake in Chart Industries during the second quarter worth approximately $135,000. Institutional investors own 88.67% of the company’s stock.

Chart Industries Company Profile

Chart Industries, Inc (Chart) is a diversified manufacturer of engineered equipment for the industrial gas, energy, and biomedical industries. The Company’s equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments, including Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical.

5 Day Chart for NASDAQ:GTLS

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